3 ms·

I wonder how many businesses could survive doubling the federal income tax?

• kiawe_fire 5y ago
  Likely not the very business owners that would benefit from UBI the most. Thereby likely forcing those business owners to rely on UBI entirely for income, thus removing their upward mobility.
• sokoloff 5y ago
  Probably a higher percentage than middle and upper middle class taxpayers could sustain doubling their federal taxes.
• aperson_hello 5y ago
  Given that businesses are taxed on profit rather than gross, probably nearly all of them. But most would move their headquarters to other countries where they can simply dodge those taxes (like many have already).